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Earning money from events

Side income from events without quitting your job: a 90-day plan

By Emmanuel Akangbou
Side-income seekersPeople in full-time work

Spend the first month setting up and running one small free event to build a list. Month two, run the same event paid with a minimum at break-even. Month three, run it again and add a second date. Expect roughly 60 hours across the quarter and somewhere under 1,000 dollars, most of it from the third event.

What ninety days can realistically produce

Not much money, and a great deal of the infrastructure that makes the following ninety days worth considerably more. That is the honest framing, and plans that promise otherwise are selling something.

The reason is that almost all the value of a small event business sits in two assets you do not have on day one: a format that works and a list of people who came to it. Both take a couple of events to acquire.

So the goal of the first quarter is to end it holding those two things, with the finances roughly neutral. Anyone who ends the quarter up 800 dollars and with no list has had a good evening rather than a start.

Month one: set up and run something free

  1. 1

    Week 1: payout onboarding and a format

    Complete identity and bank verification, because it gates creating any event including a free one and it occasionally takes days. Then pick one format you could run monthly without dreading it. Repeatability matters more than ambition.

  2. 2

    Week 2: find a room and check the numbers

    A quiet weeknight in a small space. Ask for a provisional hold before discussing price. Write down every fixed cost, and work out what a paid version would need to break even.

  3. 3

    Week 3: list it free and promote it individually

    Free removes the price question while you find out whether the format works. Message people directly rather than posting. Thirty personal messages beat thirty public ones by a wide margin.

  4. 4

    Week 4: run it, and collect contact details

    The event is secondary. The list is the deliverable. Get a way to contact everyone who attended, and write down attendance against how many people you actually reached.

Around 20 hours, and roughly break-even if you keep costs near zero, which at this stage you should.

Month two: the same event, paid

Now charge. Same format, same room, same night of the week, priced from your costs rather than from nerves.

Set a minimum at break-even with a deadline about ten days out, so a quiet month costs you nothing rather than the venue fee. Promote to the list from month one first, and to everyone else second.

This event should be markedly easier than the first. The format is settled, the venue is a message rather than a search, and a portion of your audience has already been to one. That drop in effort is the thing you were buying in month one.

Expect around 15 hours and a modest profit. If it releases without hitting the minimum, that is information rather than failure, and you have lost nothing but the promotion time.

Month three: repeat and add

Run it a third time, unchanged. This is where the money starts. Attendance builds on familiarity, since people who came once tell one person and that person arrives already knowing what the evening is. Your hours have dropped again too, because by the third run almost nothing about the setup is a decision any more.

Then add exactly one thing. A second date, a slightly larger room, or a small increase in price. One variable, so you know what caused whatever happens next.

Resist inventing a second format. The instinct after a working event is to design a different one, and it resets you to month one on everything except payout onboarding.

The numbers across the quarter

Month 1Month 2Month 3Total
Events run1 free1 paid2 paid4
Hours20152560
Ticket income04201,1501,570
Costs60310620990
Net-60110530580
People on your list22489494
A realistic first ninety days

Five hundred and eighty dollars for sixty hours is under ten dollars an hour, which is a bad rate and an accurate one. The list of 94 people is the actual return, and it is what makes month four pay properly.

Look at the trajectory rather than the total. Month one lost money, month two cleared a hundred, month three cleared five hundred and thirty, and each event took proportionally less of your time than the one before it, which is the only pattern in the table that matters for deciding whether to continue into the next quarter.

Fitting it around a job

  • Put the event on a night you control. A Tuesday you can leave work on time for beats a Friday you cannot.
  • Do promotion in short daily bursts rather than weekend blocks. Fifteen minutes of individual messages every evening outperforms three hours on a Sunday.
  • Book suppliers by message, never by phone tag. Anything requiring a daytime call will slip for a fortnight.
  • Give yourself the day after clear. A midweek event that ends at eleven has a cost that lands the following morning.

Check your employment contract if there is any chance of overlap with what you do professionally. Most people have no issue and finding out afterwards is the wrong order.

What to spend money on, and what not to

The temptation in month one is to spend on things that make the venture feel real. A logo, a website, printed banners, a domain. None of these bring a single person to an event, and all of them are ways of doing something that feels productive while avoiding the part that is uncomfortable, which is asking individual people to come to your thing.

Spend nothing you do not have to in the first quarter. The two exceptions are worth naming: anything that directly affects whether the evening is good, such as adequate sound, and anything that reduces the chance of the event being a disaster, such as insurance where it is required.

Everything else can wait until you know the format works and people come back. By month four you will also have a much better idea of what is actually worth buying, because you will have run into the real constraints rather than the imagined ones.

Keep a simple record of every dollar in and out from the first event. Not for tax reasons, though that too. For the fact that a written ledger is the only thing that stops you from remembering the quarter more favourably than it went.

Where this plan breaks

What month four looks like

Two events a month, roughly twelve hours each, promoted mostly to a list that now exists. Attendance higher, effort lower, and the arithmetic finally reasonable.

That is the whole argument for the first ninety days. You are not buying income in the quarter. You are buying a format and an audience, and both of them pay out afterwards.

Common questions

Can you make money from events while working full time?
Yes, but not quickly. A realistic first quarter is around 60 hours for under 1,000 dollars, with most of it arriving in month three once the format is settled and you have a list of previous attendees.
Should my first event be free or paid?
Free, if you have no audience. It removes the price question while you find out whether the format works, and the contact list you collect is what makes the second event profitable.
How many hours does running a small event take?
Around 20 to 25 for a first event and roughly half that by the third, since most of the initial time is one-off work on venue, format and promotion approach rather than anything you repeat.
When does event side income actually become worthwhile?
Usually around the fourth event of the same format. By then your hours per event have roughly halved, attendance has built on familiarity, and you are promoting to a list rather than starting from nothing.

About the author

Emmanuel Akangbou

Founder, Quborly

Emmanuel builds Quborly, an online marketplace and technology platform for events and communities. He writes about the money and logistics side of running events, which is the part most guides skip.

More about Quborly

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A 90-Day Plan for Event Side Income · Quborly